UPDATE: Mainfreight shares lift as offshore divisions drive 1H growth

Wed, 14 Nov 2018

By Rebecca Howard Nov. 14 (BusinessDesk) - Mainfreight's shares lifted 4.2 percent after its offshore divisions kicked into gear, driving growth in the first half of the year. Net profit rose 32 percent to $55.7 million in the six months to Sept. 30, versus $42.2 million in the prior year, the Auckland-based global transport and logistics company said. Earnings before interest, tax, depreciation and amortisation were $108 million, up 22 percent. The shares last traded at $29.95, up from around $25 at the beginning of the year, and c...

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